Securitization

Precise Mortgages plans to issue £235 million of securities backed by non-conforming U.K. mortgages, according to a Standard & Poor’s.

BMW plans to issue €800 million ($1.09 billion) of securities backed by a portfolio of German auto loan receivables.

U.K. buy-to-let lender Paragon Mortgages is planning its second securitization of this year, a £350 million transaction backed by a portfolio of buy-to-let mortgages.

The National Association of Insurance Commissioners will extend Morningstar Credit Ratings designation on the NAIC credit rating provider list to all mortgage-backed securities and asset-backed securities.

Goldman Sachs plans to issue a new €1 billion of securities backed backed by a portfolio that includes a variety of asset-backed bonds.

Deutsche Bank priced €355 million ($482.4 million) of bonds backed by three commercial mortgages secured by Italian properties, according to a person familiar with the deal.

A Russian securitization law that comes into effect at the beginning of July will make it easier for Russian issuers to structure domestic, on-shore vehicles that are bankruptcy remote. One of the main motivations for the legislation was to facilitate the securitization of SME loans with the aim to increase contribution from the SME sector to the overall GDP of Russia.

Santander Consumer Bank priced its first securitization of Polish assets — the PLN1.4 billion ($448 million) Polish auto ABS, SC Poland Auto 2014-1.

The Office of the Comptroller of the Currency sounded the alarm again Wednesday about two key areas in which it sees heightened risks from expanding portfolios: indirect auto lending and leveraged lending.

Pricing on the senior tranche of Banca Popolare di Vicenza prime Italian residential mortgage-backed securitization tightened by 10 basis points from price talk.

Colony American Homes priced the five-year ‘AAA’ tranche of its second single family rental securitization in line with the other four single-family rental securitization deals that have been issued since last November’s inaugural Blackstone securitization of the asset class

Santander Consumer Bank S.A. plans to issue its first public Polish securitization — a PLN1.4 billion ($46 million) transaction that is backed by a portfolio of Polish auto and rental-purchase loans.

Colony American Homes said it priced its second securitization of single-family rental homes with a duration-weighted blended interest rate of LIBOR plus 164 basis points.

Guggenheim Securities has hired former Deustche Bank ester ABS pro, Matt Bissonette, as a managing director in the Fixed Income Division, according to a company press release.

Italian-based consumer credit company, Consel S.p.A plans to issue a €372 million consumer loan securitization dubbed Monviso 2014 s.r.l.

Bank of America Merrill Lynch has launched a £210 million CMBS, Taurus UK 2014-1 that securitizes its loan to private equity firm Apollo EPF II Partnership.

Deutsche Bank has hired Dan Voloshin as a director in CMBS trading, said a person familiar with the move.

The bank sold RUB4.69 of senior securities backed by Russian residential mortgages at a coupon of 10.65%.